Economics
Goldman Sachs Says There’s Still a ‘Very Plausible’ Path to Avoid US Recession
- Bank maintains odds of a recession at 35% in next 12 months
- Average probability among Wall Street economists is at 60%
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Goldman Sachs Group Inc.’s top economist said there’s still a “very plausible” path for the US economy to avoid a recession despite the Federal Reserve’s aggressive tightening of interest rates and geopolitical uncertainties.
The bank maintained a 35% probability that the world’s largest economy will enter a downturn in the next 12 months, well below Wall Street’s consensus.